B.ESTATE: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
B.ESTATE
Largest movements
- Tangible fixed assets -€97,305
down €97,305 (-4.7%), from €2.0m to €2.0m
of which Land and buildings: -€49,710
- Receivables within one year -€56,462
down €56,462 (-39.2%), from €144,115 to €87,653
of which Other amounts receivable: -€34,538
- Profit (loss) carried forward -€285,624
down €285,624 (-35.2%), from €812,225 to €526,601
- Other debts +€204,180
up €204,180 (+400%), from €51,000 to €255,180
- Debts after one year -€131,995
down €131,995 (-11.4%), from €1.2m to €1.0m
- Tax, wage and social debts +€34,497
up €34,497 (+74.2%), from €46,496 to €80,993
of which Taxes: +€34,467
- Current portion of long-term debt +€27,693
up €27,693 (+21.4%), from €129,369 to €157,062
- Gross operating margin -€198,843
down €198,843 (-53.2%), from €373,692 to €174,848
- Depreciation -€33,483
down €33,483 (-26.9%), from €124,367 to €90,884
- Taxes -€32,219
down €32,219 (-56.5%), from €57,010 to €24,791
- Financial charges +€5,242
up €5,242 (+25.5%), from €20,541 to €25,783
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,241,026 | €2,078,269 | -€162,757 | -7.3% |
| Fixed assets | 21/28 | €2,048,903 | €1,951,598 | -€97,305 | -4.7% |
| Tangible fixed assets | 22/27 | €2,048,903 | €1,951,598 | -€97,305 | -4.7% |
| Land and buildings | 22 | €1,854,814 | €1,805,104 | -€49,710 | -2.7% |
| Plant, machinery and equipment | 23 | €275 | €0 | -€275 | -100% |
| Furniture and vehicles | 24 | €84,498 | €53,749 | -€30,749 | -36.4% |
| Other tangible fixed assets | 26 | €109,315 | €92,745 | -€16,570 | -15.2% |
| Current assets | 29/58 | €192,123 | €126,671 | -€65,452 | -34.1% |
| Amounts receivable within one year | 40/41 | €144,115 | €87,653 | -€56,462 | -39.2% |
| Trade receivables | 40 | €29,416 | €7,492 | -€21,925 | -74.5% |
| Other amounts receivable | 41 | €114,699 | €80,161 | -€34,538 | -30.1% |
| Cash at bank and in hand | 54/58 | €45,662 | €38,390 | -€7,272 | -15.9% |
| Deferred charges and accrued income | 490/1 | €2,347 | €628 | -€1,718 | -73.2% |
| Total equity and liabilities | 10/49 | €2,241,026 | €2,078,269 | -€162,757 | -7.3% |
| Equity | 10/15 | €832,685 | €547,061 | -€285,624 | -34.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €812,225 | €526,601 | -€285,624 | -35.2% |
| Amounts payable | 17/49 | €1,408,341 | €1,531,208 | +€122,867 | +8.7% |
| Amounts payable after more than one year | 17 | €1,161,245 | €1,029,250 | -€131,995 | -11.4% |
| Financial debts | 170/4 | €1,161,245 | €1,029,250 | -€131,995 | -11.4% |
| Amounts payable within one year | 42/48 | €247,096 | €501,958 | +€254,862 | +103% |
| Current portion of amounts payable after more than one year | 42 | €129,369 | €157,062 | +€27,693 | +21.4% |
| Trade debts | 44 | €20,232 | €8,723 | -€11,508 | -56.9% |
| Suppliers | 440/4 | €20,232 | €8,723 | -€11,508 | -56.9% |
| Taxes, remuneration and social security | 45 | €46,496 | €80,993 | +€34,497 | +74.2% |
| Taxes | 450/3 | €41,222 | €75,689 | +€34,467 | +83.6% |
| Remuneration and social security | 454/9 | €5,274 | €5,304 | +€30 | +0.6% |
| Other amounts payable | 47/48 | €51,000 | €255,180 | +€204,180 | +400% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €124,367 | €90,884 | -€33,483 | -26.9% |
| Other operating charges | 640/8 | €17,803 | €19,295 | +€1,492 | +8.4% |
| Gross operating margin | 9900 | €373,692 | €174,848 | -€198,843 | -53.2% |
| Operating profit (loss) | 9901 | €231,522 | €64,669 | -€166,852 | -72.1% |
| Financial income | 75/76B | €1,532 | €282 | -€1,251 | -81.6% |
| Recurring financial income | 75 | €1,532 | €282 | -€1,251 | -81.6% |
| Financial charges | 65/66B | €20,541 | €25,783 | +€5,242 | +25.5% |
| Recurring financial charges | 65 | €20,541 | €25,783 | +€5,242 | +25.5% |
| Profit (loss) for the period before taxes | 9903 | €212,513 | €39,167 | -€173,345 | -81.6% |
| Income taxes | 67/77 | €57,010 | €24,791 | -€32,219 | -56.5% |
| Profit (loss) for the period | 9904 | €155,503 | €14,376 | -€141,127 | -90.8% |
| Profit (loss) for the period to be appropriated | 9905 | €155,503 | €14,376 | -€141,127 | -90.8% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.